2 ms·
> UK mortgages are cheaper per month than renting That's definitely the case outside of London where rental yields are higher but London rental yields are aver
by ukoki 7y ago
> UK mortgages are cheaper per month than renting
That's definitely the case outside of London where rental yields are higher but London rental yields are averaging 3-4% [1] (lower as you go up the ladder). Mortgage rates are currently a bit cheaper (1.5-3%) but owning a home also incurs additional costs such as stamp duty, repairs and (sometimes) ground-rents.
1. https://www.knightfrank.co.uk/research/uk-residential-investment-yield-guide-january-2019-6071.aspx https://www.knightfrank.co.uk/research/uk-residential-invest...